BUL-RENOV': what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BUL-RENOV'
Largest movements
- Cash +€13,167
up €13,167 (+78.1%), from €16,850 to €30,017
mainly Trade debts (+€4,723) and Net result for the year (+€3,845)
- Receivables within one year -€1,036
down €1,036 (-5.5%), from €18,861 to €17,825
of which Other amounts receivable: -€1,650
- Trade debts +€4,723
up €4,723 (+74.3%), from €6,356 to €11,079
- Reserves +€3,315
up €3,315 (+178%), from €1,860 to €5,175
of which Distributable reserves: +€3,315
- Tax, wage and social debts +€3,234
up €3,234 (+30.2%), from €10,697 to €13,932
of which Remuneration and social security: +€4,940
- Profit (loss) carried forward +€530
up €530, from -€530 to €0
- Gross operating margin +€984
up €984 (+16.7%), from €5,908 to €6,893
- Taxes +€493
up €493 (+32.6%), from €1,512 to €2,006
- Financial charges +€88
up €88 (+377%), from €23 to €111
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,418 | €49,078 | +€11,659 | +31.2% |
| Current assets | 29/58 | €37,418 | €49,078 | +€11,659 | +31.2% |
| Amounts receivable within one year | 40/41 | €18,861 | €17,825 | -€1,036 | -5.5% |
| Trade receivables | 40 | €15,200 | €15,814 | +€614 | +4.0% |
| Other amounts receivable | 41 | €3,661 | €2,011 | -€1,650 | -45.1% |
| Cash at bank and in hand | 54/58 | €16,850 | €30,017 | +€13,167 | +78.1% |
| Deferred charges and accrued income | 490/1 | €1,708 | €1,236 | -€472 | -27.6% |
| Total equity and liabilities | 10/49 | €37,418 | €49,078 | +€11,659 | +31.2% |
| Equity | 10/15 | €19,930 | €23,775 | +€3,845 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €5,175 | +€3,315 | +178% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €3,315 | +€3,315 | |
| Profit (loss) carried forward | 14 | -€530 | €0 | +€530 | |
| Amounts payable | 17/49 | €17,488 | €25,303 | +€7,814 | +44.7% |
| Amounts payable within one year | 42/48 | €17,255 | €25,303 | +€8,048 | +46.6% |
| Financial debts | 43 | €202 | €293 | +€91 | +44.9% |
| Credit institutions | 430/8 | €202 | €293 | +€91 | +44.9% |
| Trade debts | 44 | €6,356 | €11,079 | +€4,723 | +74.3% |
| Suppliers | 440/4 | €6,356 | €11,079 | +€4,723 | +74.3% |
| Taxes, remuneration and social security | 45 | €10,697 | €13,932 | +€3,234 | +30.2% |
| Taxes | 450/3 | €3,037 | €1,332 | -€1,706 | -56.2% |
| Remuneration and social security | 454/9 | €7,660 | €12,600 | +€4,940 | +64.5% |
| Accrued charges and deferred income | 492/3 | €234 | - | -€234 | |
| Other operating charges | 640/8 | €903 | €931 | +€28 | +3.1% |
| Gross operating margin | 9900 | €5,908 | €6,893 | +€984 | +16.7% |
| Operating profit (loss) | 9901 | €5,005 | €5,962 | +€957 | +19.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €23 | €111 | +€88 | +377% |
| Recurring financial charges | 65 | €23 | €111 | +€88 | +377% |
| Profit (loss) for the period before taxes | 9903 | €4,982 | €5,851 | +€869 | +17.4% |
| Income taxes | 67/77 | €1,512 | €2,006 | +€493 | +32.6% |
| Profit (loss) for the period | 9904 | €3,470 | €3,845 | +€375 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,470 | €3,845 | +€375 | +10.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.